MUMBAI: For the third day in a row, the Indian stock market has continued to recover, but there is still a risk of a correction in view of the growing transmission of the corona virus. The Sensex closed 84 points higher at 49,746 on Thursday. So the Nifty also closed at 14873 at the end of trading after hitting an intra-day high of 14984. Today’s update was supported by IT and metal stocks.
Today, 15 blue-chip stocks of the Sensex rose and 15 stocks closed lower. Ultratech Cement was up 4.5 per cent, Titan 4 per cent, Tech Mahindra 2.5 per cent, Nestle 1.7 per cent and TCS 1.4 per cent. Shares of TCS and Infosys gained 75 points.
The sectoral indices of the stock market saw a mixed trend today. The power index fell 1 per cent, the Bankex half a per cent and the finance index moderately. On the other hand, the metal index rose 4.4 per cent and the consumer durables index rose the most at 2.6 per cent. The Bank Nifty Index fell 208 points to 32,782 as shares of the banking sector came under pressure. Today
Shares of 1,857 companies rose and 1,061 fell at the BSE on Thursday, with the market breadth remaining positive. The market cap of BSE has also increased as the stock market has improved for the second day in a row. Today, the market cap of the BSE rose to Rs 209.44 lakh crore from Rs 208.24 lakh crore on Wednesday.